The global semiconductor production equipment (SPE) market is likely to witness vital growth in terms of revenue
generation, owing to the emergence of advanced devices. Semiconductor
production equipment is utilized in the manufacturing of semiconductor devices.
A plethora of contemporary devices including telecommunication equipment,
personal computers, and consumer electronics have been increasingly deploying
semiconductor devices such as microprocessors and memory devices. In 2016, the
global market for semiconductor production equipment market was pegged at
US$41.24 bn, according to a report by TMR. The market is expected to achieve
US$79.51 bn by 2025, expanding at a healthy CAGR of 7.6% during the forecast
period.

Q.
What factors are assisting the deployment of semiconductor production equipment
worldwide?

The extensive growth in the
manufacturing of electronics is one of the primary growth drivers of the global
semiconductor production equipment market. The never ceasing demand for
advanced smart devices such as computers, laptops, smartphones, tablets, and
other communication infrastructure has been responsible for the rapid
development of the global semiconductor production equipment market. As the
adoption of Internet of Things (IoT) has been gaining considerable acceptance
across innumerous applications, the scope for the expansion of the global
semiconductor production equipment market is widened.

Q.
Which leading regional segments are accelerating the growth of the global
market for semiconductor production equipment?

By geography, the global semiconductor
production equipment market has been segmented into Latin America, Asia
Pacific, Europe, North America, and the Middle East and Africa. The countries
in North America witnessed greater adoption of semiconductor production
equipment. As a result, this segment accounted for nearly 43.5% of the global
semiconductor production equipment market in 2016. It is likely to keep
flourishing over the forecast period as well, contributing significantly to the
overall market revenue in 2025 as well. However, the immense potential of Asia
Pacific needs to be harnessed if maximum growth is to be attained. The rising
production of network hardware, electro-medical devices, and smart gadgets is
fuelling the growth of this region.

Q.
What are the key developments in the global semiconductor production equipment
market?

The vendor landscape of the global
semiconductor production equipment market is quite consolidated, with the
topmost players accounting for a share of 66% in the overall market. The level
of competition is prognosticated to remain high over the forecast period.
Diversified business strategies, extension of production facilities being one
of them. For instance, in May 2017, Taiwan Semiconductor Manufacturing Company
announced that its new plant in Nanjing, China is to be moved-in by September
2017. The plant is expected to enter 16nm FinFET chip production. The foundry
is planning to output atleast 20,000 wafers at the start. Lam Research Corporation,
Advantest Corporation, Tokyo Electron Ltd., Hitachi, Ltd., and Applied
Materials, Inc. are some leading companies operating in the global market for
semiconductor production equipment.